Drew Bell | Bell Properties - My Home Group

Drew Bell

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Assumable Loan + Second Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$213,316	$213,316	$238,410
Remaining term (yrs)	24.8	24.8	30.0
Secondary amount	$0	$25,094	$0
Funding fee	$0	$0	$0
Note rate	2.980%	2.980%	7.400%
Blended rate	3.830%	4.374%	7.640%
1st payment	$1,011.63	$1,011.63	$1,650.70
2nd payment	$0.00	$188.20	$0.00
Taxes / mo	$81.00	$81.00	$81.00
Insurance / mo	$150.00	$150.00	$150.00
MI / mo	$170.40	$170.40	$47.68
HOA / mo	$419.00	$419.00	$419.00
Total monthly	$1,832.02	$2,020.23	$2,348.38
Cash to close	$51,584	$26,490	$26,490